PENGARUH EARNING PER SHARE (EPS), PRICE TO BOOK VALUE (PBV) DAN DEBT TO EQUITYRATIO (DER) TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR SEMEN YANG TERDAFTAR DI BEI PERIODE 2019-2023

Muhammad Ridho Ramadhani; Rosmala Dewi; Maulana Hadi Kusuma; Epriyanti Epriyanti

doi:10.54895/jmbu.v5i1.2685

Muhammad Ridho Ramadhani Fakultas Ekonomi dan Bisnis Universitas Baturaja
Rosmala Dewi Fakultas Ekonomi dan Bisnis Universitas Baturaja
Maulana Hadi Kusuma Fakultas Ekonomi dan Bisnis Universitas Baturaja
Epriyanti Epriyanti Fakultas Ekonomi dan Bisnis Universitas Baturaja

DOI: https://doi.org/10.54895/jmbu.v5i1.2685

Keywords: Earning Per Share (EPS), Price to Book Value (PBV), Debt to Equity Ratio (DER), Stock Prices.

Abstract

The main purpose of this research was to determine the influence of Earning Per Share (EPS), Price to Book Value (PBV), and Debt to Equity Ratio (DER) on stock prices in cement subsector manufacturing companies listed on the IDX for the period 2019-2023, both partially and simultaneously. The population of this research consisted of 7 cement subsector companies listed on the Indonesia Stock Exchange (IDX) from 2019-2023. The sampling technique used was purposive sampling, with specific criteria, resulting in a sample of 6 cement subsector companies that met the predetermined criteria. The analysis method used in this research was panel data regression using Eviews 10 software. The results of this research showed that the variables Earning Per Share (EPS), Price To Book Value (PBV), and Debt To Equity Ratio (DER) simultaneously had a significant influence on stock prices. Partially, the variables Earning Per Share (EPS) and Debt To Equity Ratio (DER) had a significant positive influence, while the Price To Book Value (PBV) variable had a significant negative influence. Based on the results of the coefficient of determination test, the Adjusted R-squared value was 0.500138, indicating that the percentage contribution of the influence of the variables Earning Per Share (EPS), Price To Book Value (PBV), and Debt To Equity Ratio (DER) on stock prices in cement subsector manufacturing companies listed on the IDX for the period 2019-2023 was 50.0138%, while the remaining 49.9862% was influenced by other variables not examined in this research.